The Reason Dollar Store Economics Are So Attractive Post Pandemic
The American middle class has been shrinking for several decades and the pandemic hit lower-wage workers harder than others.
Dollar stores have grown to meet that need. JL
Zachary Crockett reports in The Hustle:
The core demographic of dollar stores are families which make less than $40,000 a year. Wages (in the US) have been stagnant for decades and the American middle class is shrinking. The pandemic hit low end earners especially hard. The average customer spends $16 per trip. And for every $1 dollar in sales these stores make a 30 cent profit. That's higher than Walmart and Target. Many are placed in food deserts where grocery stores are miles away.
A visual explainer of the numbers behind America’s ubiquitous bargain-basement chains.
June 26, 2021
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comments:
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As a Partner and Co-Founder of Predictiv and PredictivAsia, Jon specializes in management performance and organizational effectiveness for both domestic and international clients. He is an editor and author whose works include Invisible Advantage: How Intangilbles are Driving Business Performance. Learn more...
2 comments:
Money is an important component of success. But don't look at trends in the economy because that will only confuse you. The income of an ordinary person consists of simpler things.
I can give you an example of my case. I am an ordinary guy, from a working family. I was able to graduate from college thanks to an athletic scholarship, but it didn't go beyond that. I worked in my father's workshop and made money with my own hands. One day I came across news about bookmakers in the online space and got interested. Here is the site from which I started serious work - https://1xbet.com/en/ I have a lot of knowledge about football and rugby from my sports career. I easily understood the undercurrents of the championship. You will be surprised but I got even more from this hobby than from working in a workshop.
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